Can a Company Claim Duty drawback in excess of Actual cost incurred on import in relation to Customs???
Similarly, can a company claim higher Credit under ROSCTL than actual Tax paid on the exported product?
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Duty Drawback and ROSCTL Scheme
Replies (1)
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Duty Drawback: You cannot claim more than the actual duties suffered on inputs. If the All Industry Rate (AIR) is insufficient, you must apply for a Special Brand Rate to accurately reflect your actual duty costs.
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ROSCTL: Benefits are issued based on pre-notified rates. You are not permitted to claim amounts exceeding the intended scope of the scheme, and any excess rebates received are subject to recovery by the government along with interest and potential penalties.
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